# Rupee falls for sixth straight year, volatility dives on RBI action

> The Indian rupee fell about 0.5% in 2023, its smallest annual decline in at least 20 years, ending the year at 83.2075 per dollar. Volatility fell to decade lows as the Reserve Bank of India intervened heavily to keep the currency in a narrow range.

- Date: 2023-12-29 · published 2023-12-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/33001-rupee-falls-for-sixth-straight-year-volatility-dives-on-rbi-action
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A tightly managed rupee reduces exchange-rate risk for Indian importers of feed inputs such as soymeal and corn, so price pass-through from global markets is steadier. Heavy RBI intervention is expected to persist into 2024.

## Read by commodity

- USDINR: neutral

## Sources

- vccircle.com: https://www.vccircle.com/rupeefalls-for-sixth-straight-year-volatility-dives-on-rbi-action

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.